Key words
HEADWORDS:, Financial algebra, IWETO-code 181
Objectives
Introducing essential knowledge and insight in financial calculations that students will need for other courses and in the professional practice.
Apply this knowledge in concrete situations like financings, loans, annuity and suchlike
Stimulating of tidy presentation, precision and analytic ability.
Topics
Simple intrest and discount
Compounded intrest and discount
Equal interest feet
Previously payable simple and compounded intrest
Specified and average expiry date of seperate and annuity debts
Annuities and derived problems
Changing of current types of loan
Prerequisites
Mathematical basic knowledge of the secondary education with regard to resolving comparisons, knowledge of preference rules in connection with counting, subtracting, duplicating, dividing, involutions and extraction of the roots.
Practical use of the calculator in connection with these calculations
Final Objectives
KNOWLEDGE: financial algebra
SKILLS: Thinking and reasoning, deal with figures, be able to deal with information on an economic and financial level.
ATTITUDES: Precision and accuracy, order and neatness, practical directed, value added and processing of available information, mathematical responsibility of
obtained results.
Materials used
Handbook Financial Mathematics volume 1 and 2 F.Vermeulen and C. Sys Academia Press
+ limited number of copy's
Study costs
Usual market price of the handbook + accepted copy price (specified by the board) for a limited number of additional copies.
Study guidance
monitor, lecturers are available for additional individual exercises
Teaching Methods
Teaching conversation and exercises
Assessment
First session: written exam 100%
Second session: written exal 100%
Lecturer(s)
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